The typical response to an issue is a conclusion

In a recent study based upon an inspection of 200 homes in Daisy City, 80 were found to violate one or more city codes. The manager's statement that 40% of Daisy City's 2,000 homes are in violation of city codes is

a. an exactly correct statement b. only an approximation, since it is based upon sample information c. obviously wrong, since it is based upon a study of only 200 homes d. None of these alternatives is correct.

A company which issues an IPO typically receives about what percentage of the proceeds of the offering?

a. 90 percent b. 75 percent c. 66 percent d. 50 percent